Quote #197,683
"Modern money is almost altogether credit money." — John Buchanan Robinson
Modern money is almost altogether credit money.
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View AllThe business of a bank is to lend money; which amounts, nowadays, to lending credit.— John Buchanan Robinson
Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.— John Buchanan Robinson